KUALA LUMPUR, Sept 27 -- The Youth and Sports Ministry is hoping for a bigger allocation in the 2020 Budget, much more than the RM1 billion it was given this year.
Deputy Minister Steven Sim Chee Keong said the increase was not just important for the national contingent's preparations for the 2020 Tokyo Olympics, but also to be spent on sports development at the grassroots level.
“If we have set a target for Olympic gold medals, then I feel it is not just about Tokyo anymore, but (preparations) for Paris (2024) and Los Angeles (2028) as well… so, we have to start with the grassroots now. The ministry also would like to see more funds given to women athletes.
“This is the Minister's (Syed Saddiq Syed Abdul Rahman) vision, so I hope this request for a higher allocation can be realised,” he said after officiating the opening of the International Sports Law Conference at the Asian International Arbitration Centre (AIAC) here today.
The 2020 Budget is scheduled to be tabled by Finance Minister Lim Guan Eng on Oct 11.
Steven said although this year the ministry received the same Budget allocation as in the previous year, it managed to stretch it through good management strategies that allowed many things to be done.
This was achieved through cost savings and open tenders, where some 80 percent in savings were made in the Fit Malaysia programme, while the open tender process carried out for the Le Tour de Langkawi (LTdL) race also saw savings up to 30 percent.
Also present at the event was former Olympic Council of Malaysia (OCM) president Tunku Imran Tuanku Ja’afar.
-- BERNAMA
KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).
KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.
KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.
MANCHESTER, Oct 16 -- Industry players say the 2020 Budget tabled last Friday clearly reflects the government's commitment to developing the domestic logistics sector by addressing o...
Exclusive report by Jailani Hasan
LABUAN, Oct 16 --The Labuan Chamber of Malay Entrepreneurs ( DUML) has hailed the 2020 Budget presented by Finance Minister Lim Gu...
Exclusive report by Mohd Fharkhan Abdul Ghapar
KUALA LUMPUR, Oct 15 (Bernama) -- The government is advised to refine the implementation of the 90-day maternity ...
KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.
KUALA LUMPUR, Nov 16 -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...
KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...
© 2025 BERNAMA. All Rights Reserved.
Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution